Chipotle | New 15-Year Absolute NNN 800 Seven Oaks Blvd 2,325 SF Retail Building Smyrna, TN 37167 $5,371,520 CAD ($2,310.33 CAD/SF) 5% Cap Rate

The subject property is a newly constructed Chipotle drive-thru located in Smyrna, TN. It is positioned in front of a busy Publix within a high-traffic retail corridor. The 15-year absolute NNN lease is corporately guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG) and includes 10% rental increases every 5 years in the primary term and in the (4) five-year option periods. The property sits at the signalized intersection of Lee Victory Parkway and Almaville Road, with combined traffic counts of approximately 41,000 vehicles per day. It is also just minutes from the largest Nissan manufacturing plant in the United States, employing over 5,700 people.
Situated within the rapidly growing Nashville MSA, Smyrna benefits from one of the fastest-growing economies in the Southeast, supported by a diverse mix of industries including advanced manufacturing, healthcare, and technology. The region offers a strong labor pool, a pro-business environment, and strategic access via I-24 and Nashville International Airport. Within a 5-mile radius, the population exceeds 90,000 residents with an average household income of over $94,000. The population is projected to grow to more than 105,000 over the next five years, reflecting a growth rate of over 15%. Growth is driven by affordable housing, quality schools, and continued investment in infrastructure and commercial development.
National retailers in the immediate vicinity include Walmart, Publix, Starbucks, Burger King, Dunkin’, Walgreens, Subway, Lowe’s, and the Nissan Assembly Plant. This offering presents an excellent opportunity to acquire a long-term, corporately guaranteed Chipotle asset with zero landlord responsibilities in a high-growth, business-friendly Tennessee market.